Yueying Sees Bitcoin Pullback Ahead Amid Resistance
Zhou Yueying, a technical analysis expert, shared her insights on the Bitcoin and Ethereum markets for September 29-30. According to Yueying, the resistance level around $83,000 has not been broken, indicating that prices may pull back in the evening.
The daily chart of BTC shows a bearish close, with prices faking a break below $83,000 before rebounding. The Bollinger Bands are narrowing upwards, and short-term moving averages are aligned flat. MACD fast and slow lines are converging downward, while KDJ is slightly turning parallel around the 50 level.
The 4-hour chart shows prices finding support at the lower band and moving upward to $84,500. Bollinger Bands are flat, and short-term moving averages are turning slightly upward. MACD lines cross upward with reduced volume, and KDJ crosses upwards with resistance near the 100 level.
For today's recommendations, Yueying advises going short on BTC at current price $84,400, and shorting ETH at $2,440. These strategies are based on technical analysis and should not be considered investment advice.